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Case StudyInsurance

Acrisure

How Acrisure became the first insurer globally to underwrite policies directly from AI-generated Digital IDs for jewelry and watches.

Global First

Digital ID-powered insurance

01

The Challenge

Acrisure, one of the world's largest insurance brokers, sought to revolutionize high-value goods coverage by eliminating the friction of traditional underwriting processes that required manual appraisals and extensive documentation.

Key Pain Points

  • 01Traditional underwriting taking 2-3 weeks for high-value items
  • 02Customer drop-off due to appraisal requirements and paperwork
  • 03Difficulty verifying item authenticity and ownership history
  • 04High claims fraud rates in luxury goods segment
  • 05Inability to offer real-time quotes for verified items
02

The Solution

Vaultik's Digital ID infrastructure enabled Acrisure to create an entirely new insurance product category—policies issued directly from KYP-verified item data.

Real-time policy generation from Digital ID data
Instant authentication verification at point of quote
Automated valuation based on KYP market analysis
Continuous coverage updates linked to Digital ID status
Fraud detection through ownership verification
03

Implementation Timeline

12 weeks from concept to market launch

01

Product Design

Joint development of Digital ID-based insurance product specifications

3 weeks
02

Integration Development

API integration connecting Vaultik Digital IDs to Acrisure's underwriting systems

5 weeks
03

Regulatory Approval

FCA review and approval of new product structure

3 weeks
04

Market Launch

UK market launch for jewelry and watches coverage

1 week
04

The Results

The partnership established a new paradigm for luxury goods insurance, with performance metrics that validated the Digital ID-first approach.

3x

Faster underwriting

From weeks to minutes for policy issuance

85%

Reduction in fraud claims

Verified ownership eliminates most fraud vectors

40%

Higher conversion

Streamlined process dramatically improves quote-to-bind rates

First

Global innovation

First insurance product issued from AI-generated Digital IDs

05
"This partnership represents a fundamental shift in how we approach high-value goods coverage. Digital IDs give us confidence in what we're insuring that no traditional process could match."

Insurance Executive

Acrisure UK

06

Explore Solutions

See how we serve insurance
07

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Results?

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